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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Belgium's Polished Exports +8%, Imports +28% in May

17 june 2013

Belgium's polished diamond exports rose 7.7 percent year on year in May to $1.271 billion, while the price per carat jumped 12.5 percent to $1,993, according to data collected by the Antwerp World Diamond Centre. However, polished diamond imports surged 27.9 percent to $1.314 billion, leaving Belgium with a net polished export deficit of $43 million compared with net exports worth $154 million in May 2012.
Rough imports fell 5.4 percent in May to $1.051 billion and rough exports increased 6.1 percent to $1.221 billion. The data resulted in a rough import deficit of $170 million during the month compared with a deficit of $40 million one year ago. Belgium's net diamond account for May, reflecting the net difference between exports and imports, plummeted to a deficit of $3 million compared with a surplus of $194 million one year ago.
During the first five months of 2013, Belgium has exported $5.778 billion worth of polished diamonds, up 1.4 percent year-on-year, while polished imports have fallen 2.3 percent to $5.542 billion. Net exports of polished diamonds totaled $236 million compared with only $24 million for the same period in 2012. Rough imports of $5.929 billion during the first five months reflected a 5.5 percent year on year increase, and yet rough exports have risen 6.3 percent to $6.333 billion, leaving an import deficit of $404 million compared with a deficit of $335 million.
Belgium's net diamond account for the January through May period improved 78.3 percent year on year to $640 million.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished

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